Uk Treasury Chief Warns Of Depth Of Recession

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Wed, 07/08/2020 - 11:13pm

LONDON (AP) — The U.K.'s Treasury chief acknowledged Thursday that the country faced unprecedented economic times, entering one of the most severe recessions it has ever seen as it emerges from the COVID-19 pandemic. A day after revealing his spending plans to boost the economy in a mini-budget, Rishi Sunak sought to sell his ideas to the nation - particularly the expensive program to help furloughed employees to return to work after the government program now paying them expires. Under this plan, the government will pay companies a 1,000-pound bonus for each employee they take back.Read more on NewsOK.com

Topics: london ap the u.k.'s treasury covid-19 rishi sunak newsok a recession government

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Uk Treasury Chief Warns Of Depth Of Recession

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